Can Steam games be stored on an external hard drive?

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Tags

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2. #choice
3. #library
4. #external
5. #downloads
6. #different
7. #folder
8. #steamlibrary
9. #named
10. #location
11. #games
12. #default
13. #installing
14. #drive
15. #steam
16. #alternate
17. #preferences
18. #specify